Babcock International Group PLC (BAB) Price Target Lowered to GBX 1,260 at Jefferies Group LLC
Babcock International Group PLC (LON:BAB) had its price objective lowered by Jefferies Group LLC from GBX 1,280 ($16.65) to GBX 1,260 ($16.39) in a research note issued to investors on Friday. The firm presently has a “buy” rating on the stock. Jefferies Group LLC’s price target suggests a potential upside of 33.83% from the company’s previous close.
BAB has been the topic of a number of other reports. Shore Capital reissued a “buy” rating on shares of Babcock International Group PLC in a research note on Thursday. Peel Hunt reissued a “buy” rating and issued a GBX 1,085 ($14.11) price objective on shares of Babcock International Group PLC in a research note on Wednesday. Liberum Capital raised their price objective on Babcock International Group PLC from GBX 960 ($12.49) to GBX 1,100 ($14.31) and gave the company a “buy” rating in a research note on Wednesday. Deutsche Bank AG reissued a “hold” rating and issued a GBX 1,020 ($13.27) price objective on shares of Babcock International Group PLC in a research note on Tuesday. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 1,440 ($18.73) price objective on shares of Babcock International Group PLC in a research note on Tuesday, March 28th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of GBX 1,167.30 ($15.19).
Babcock International Group PLC (LON:BAB) traded down 0.95% during mid-day trading on Friday, reaching GBX 941.50. 2,812,619 shares of the company were exchanged. The stock’s 50-day moving average is GBX 907.29 and its 200-day moving average is GBX 921.00. The company’s market cap is GBX 4.75 billion. Babcock International Group PLC has a 12 month low of GBX 780.00 and a 12 month high of GBX 1,112.00.
The business also recently disclosed a dividend, which will be paid on Friday, August 11th. Investors of record on Thursday, June 29th will be paid a GBX 21.65 ($0.28) dividend. This represents a dividend yield of 2.26%. This is an increase from Babcock International Group PLC’s previous dividend of $6.50. The ex-dividend date of this dividend is Thursday, June 29th.
In related news, insider Archie Bethel acquired 1,585 shares of the business’s stock in a transaction that occurred on Monday, March 27th. The shares were acquired at an average cost of GBX 883 ($11.49) per share, with a total value of £13,995.55 ($18,206.78).
About Babcock International Group PLC
Babcock International Group PLC is a holding company. The Company is an engineering support services company. The Company offers support to the defense, energy, emergency services, transport and education sectors. Its segments include Marine and Technology, Defence and Security, Support Services and International.
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